Wells Wilder “New Concepts in Technical Trading Systems”

$295.00

Wells Wilder “New Concepts in Technical Trading Systems”

Now get the TradeStation EasyLanguage code to the classic trading system book by Wells Wilder “New Concepts in Technical Trading Systems” as originally published in 1978. Back test these ideas in TradeStation. Code is compatible with all versions of TradeStation.

Wells Wilder was 10 years ahead of his time. He created analysis tools that are the industry standard back before computers were ubiquitous. His inventions include RSI, ADX, DMI, the Parabolic and much more. His book “New Concepts in Technical Trading Systems” is filled with trading ideas. He developed his ideas into trading systems that are brilliant, original and some of the most difficult to program of any I have examined.

His Parabolic system includes a twist that requires the parabolic to maintain its distance from the price action. He does this by combining it with the highest high or lowest low of the last N bars. This helps stabilize the parabolic and avoids many unnecessary whipsaws. The Trend Balance Point system takes short trades based on the acceleration and deceleration of the market. The Reaction Trend is the first system I have seen that combines both trend following trades with reaction trades in one system in order to take advantage of both trending and congested markets. Here is a complete listing of what you get.

In order to protect the interests of the authors, we cannot provide a detailed explanation of the rules of any these systems. For that you will need to buy their book and we urge you to do so. Some of the systems work with intraday data and others use daily data

You get 6 systems, 10 indicators and 8 user functions.

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The information made available on this Website is not an offer or solicitation of any kind to buy or sell securities, securities derivative or futures products of any kind, and any type of trading or investment advice, recommendation or strategy made is strictly done for the educational purpose of learning Easylanguage. Trading any type of security poses risk and past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Options trading is not suitable for all investors.